The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Plan budget requirements |
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Completed |
Evidence:
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Financial flows for budgetary periods are planned and scheduled in accordance with workplace requirements |
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Completed |
Evidence:
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Information on costs and resource utilisation is fully assessed and correctly interpreted |
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Completed |
Evidence:
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Effective action is taken to reduce costs and enhance value to customer and/or workplace |
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Completed |
Evidence:
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Monitor budget and take corrective action |
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Completed |
Evidence:
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Corrective action is taken in response to actual or potential significant deviations from financial plans |
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Completed |
Evidence:
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Where a budget under- or over-spend is likely to occur, appropriate people are informed with minimum delay |
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Completed |
Evidence:
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Prompt, corrective action is taken in response to actual or potential significant deviations from budget |
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Completed |
Evidence:
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Monitor expenditure |
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Completed |
Evidence:
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Expenditure made is within agreed limits and future spending requirements are not compromised, in accordance with workplace policy and procedures |
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Completed |
Evidence:
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Requests for expenditure outside limits of responsibility are referred to appropriate persons |
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Completed |
Evidence:
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Expenditure is phased, in accordance with a planned time scale as required |
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Completed |
Evidence:
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Review and modify budget |
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Completed |
Evidence:
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Actual income and expenditure is checked against agreed budgets at regular, appropriate intervals |
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Completed |
Evidence:
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Necessary authority for changes in allocation between budget heads is obtained in advance of requirement |
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Completed |
Evidence:
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Modifications made to agreed budgets during the accounting period are consistent with agreed guidelines and are correctly authorised |
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Completed |
Evidence:
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